Main Street Capital Co. (NYSE:MAIN) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 5.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 220,517 shares of the financial services provider's stock after purchasing an additional 10,593 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Main Street Capital worth $12,918,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its position in Main Street Capital by 971.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider's stock valued at $7,078,000 after buying an additional 127,988 shares during the period. Joel Isaacson & Co. LLC boosted its position in Main Street Capital by 3,098.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider's stock valued at $6,418,000 after buying an additional 123,994 shares during the period. International Assets Investment Management LLC boosted its position in Main Street Capital by 7,077.4% in the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider's stock valued at $5,625,000 after buying an additional 110,619 shares during the period. Van ECK Associates Corp boosted its position in Main Street Capital by 3.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider's stock valued at $61,758,000 after buying an additional 45,381 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in Main Street Capital in the 4th quarter valued at approximately $2,626,000. Hedge funds and other institutional investors own 20.31% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.80.

Main Street Capital Stock Up 1.0 %

Shares of Main Street Capital stock traded up $0.63 during trading on Friday, hitting $61.51. 505,083 shares of the stock were exchanged, compared to its average volume of 447,475. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 11.14 and a beta of 1.28. The firm's 50-day moving average price is $58.87 and its 200 day moving average price is $53.75. Main Street Capital Co. has a 12-month low of $44.57 and a 12-month high of $62.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Main Street Capital Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.